Banking and financial services represents a highly competitive and rapidly changing sector in every modern economy. Changes in customer requirements, technology, competitive conditions and regulation create the need for managers, traders and analysts to make rapid and often far-reaching decisions about their short term operations and long term strategies. The MSc and MA in Banking and Finance degree courses at Bangor offer you a unique opportunity to study advanced theory and practice relating to financial services, and to develop an appreciation of the causes and significance of current developments in this vitally important and dynamic sector of the economy.
Issues you will tackle as part of your MA/MSc Banking and Finance degree programme include:
Why are the banking systems in different countries (such as the UK, Germany, Japan and the US) so diverse?
What determines the structure, performance and efficiency of banking and financial markets?
Why do banks and financial intermediaries exist?
What are the main theories of the banking firm?
How relevant are financial intermediaries in a world of increasing securitization and with the evolution of virtual banking?
How do banks optimally allocate capital?
Does bank regulation increase or decrease risks?
How do we measure the risks undertaken by banks?
Can regulators reduce the likelihood of systemic (system-wide) risk?
What are the relationships between risk and return governing investment in company shares and other derivative instruments?
Can market risk be priced accurately? Can credit risk be priced accurately?
How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?
How can we assess the investment performance of pension funds, insurance companies and unit trusts?
How do banks use futures, options, derivatives and swaps to manage their balance sheet and off-balance sheet risks?
What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?
How do banks manage their business so as to maintain customer relationships, improve operational efficiency and add shareholder value?
With these needs in mind, the MSc and MA Banking and Finance programmes at Bangor are designed to develop participants' existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to banking, finance and capital markets. These programmes provide a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of financial techniques in a real-world setting.
The availability of parallel MSc and MA degrees in Banking and Finance allows you to choose between registering for a more technical MSc degree (including a compulsory element in Financial Econometrics), and a less technical MA degree (for which Financial Econometrics is optional). The MSc degree may be more suitable for applicants with some previous background in mathematics, statistics or econometrics, while the MA degree is more suitable for applicants who prefer to adopt a predominantly non-quantitative approach to their studies. However, both degrees include a compulsory module in Research Methods, which includes coverage of both quantitative and non-quantitative research techniques.
The MA Banking and Finance is recognised by the Economic and Social Research Council (ESRC) as the first year of a 1+3 PhD training programme.
January intake: Taught modules are undertaken in the period of January to June and September to January and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
September intake: Taught modules are undertaken in the period of September to June and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
Research Methods: This module develops knowledge of intermediate and advanced research methods, and provides a basis in research methodology for those who may eventually wish to pursue research degrees.
Bank Financial Management: This module provides a grounding in the nature, strategic context and managerial functions of financial management in banks, and other financial services firms.
International Financial Markets: This module provides an overview of financial instruments in a multi-currency world, taking account of insights from portfolio theory concerning the relationship between risk and return, the diversification of risk, and the pricing of assets.
International Banking: This module examines the origins of international banking, the activities of international banks, the markets in which they participate, and the sources of risk.
Financial Crises and Bank Regulation: This module examines why banks and financial markets are inherently vulnerable to crises, and analyses the role of policy makers and institutions. The roles of monetary policy, bank supervision and regulation, corporate governance and ratings agencies in mitigating or exacerbating crises are considered.
International Financial Management: In this module the financial management of multinational companies and the influence of macroeconomic, fiscal, currency and political environments on business and financial decision-making are examined in an international and global context.
Islamic Finance: This course provides an insight into topical issues relating to Islamic financial instruments and related risk management issues.
Corporate Risk Management: This module provides an analysis of pure risk and its management.
Financial Institutions Strategic Management: This module examines the main theoretical and practical issues concerning banking business. You will develop a critical awareness of the theory of the banking firm, the motives for international banking, and regulatory and structural issues impacting on bank behaviour.
Financial Analysis: This module analyses the techniques that are used to evaluate a company’s financial position and performance.
Investment Strategy and Portfolio Management: This module evaluates the development of investment strategies for bonds, equities and derivatives that are designed to achieve optimal risk-return outcomes, and examines the measurement and evaluation of the performance of a portfolio of investments.
Islamic Banking: This module provides an insight into the key features of Islamic banking business.
Change the world
Join the unique Master of Engineering Studies (Renewable Energy Systems) to tackle one of the most important issues our world faces today.
The Master of Engineering Studies (Renewable Energy Systems) is a unique postgraduate programme in New Zealand.
Taught in conjunction with world-renowned Murdoch University in Australia, it is the only fully-focussed renewable energy postgraduate programme in New Zealand. The programme has been running for over fifteen years.
This qualification is suitable if you either have an undergraduate engineering degree and wish to specialise in renewable energy, or you have found yourself working in a renewable-energy-related role and need to upskill. You do not have to have an engineering degree to enrol.
Let our experts help you develop your own expertise. We bring a solid base of experience to your learning from our Centre for Energy Research, established at Massey in 1997 following over 25 years of teaching and research work undertaken in the areas of renewable energy, energy efficiency and energy management.
We also bring the most relevant and recent research to your learning. You will learn the theory and practice behind energy management, renewable energy and climate change from lecturers who have been working internationally, contributing to research and policy through panels that are setting the global agenda.
You will gain an in-depth understanding of the theory of renewable energy systems, but also focus on practical information that can be applied to real-world situations. This could be through using the international Long Range Energy Alternatives Planning System (LEAP) model to assess climate change mitigation options for a country, city or community.
You will also learn how to measure renewable energy resources, and understand the challenges of providing energy efficiency or renewable energy systems in developing countries as part of sustainable development.
Your study includes examining solar radiation, wind, hydro, tidal, wave and biomass systems and their design, including economics and performance. You will look at the challenges in assessing, designing, introducing and maintaining small-scale renewable energy technologies in developing countries and study the scientific theory of global warming, climate modeling and social and technological approaches to reducing greenhouse emissions including greenhouse gas accounting principles.
The programme also covers the social issues to change human behaviour regarding the deployment of renewable energy systems and related greenhouse gas emission reductions.
You can study towards the Master of Engineering Studies on campus, or study via our distance learning. This gives you the flexibility to remain in full-time employment while studying. Massey University has been offering distance education for over 50 years and you will be able to take advantage of our well-developed systems for teaching and learning.
The renewable energy systems major includes an optional research project, where you can either investigate a topic you are interested in, or work with us to develop an industry-relevant piece of work.
The Master of Engineering Studies is a 120 credit qualification able to be completed in one year full-time, or part-time between 2.5 and five years..
Postgraduate study is hard work but hugely rewarding and empowering. The Master of Engineering Studies will push you to produce your best creative, strategic and theoretical ideas. The workload replicates the high-pressure environment of senior workplace roles.
Postgraduate study is not just ‘more of the same’ undergraduate study. Our experts are there to guide but if you have come from undergraduate study, you will find that postgraduate study demands more in-depth and independent study. It takes you to a new level in knowledge and expertise especially in planning and undertaking research.
This program is designed to develop informed professionals who will be able to identify, measure and manage the risks latent in investments, business decisions or financial transactions.
The significant social costs paid by societies due to the recent financial crisis, highlight the importance of effective risk management.
Being a University Partner of PRMIA (Professional Risk Managers' International Association), our program will help you join the ranks of the globally growing profession of risk management and pursue a career dealing with some of the hottest challenges in business today:
Key features of the program
The MSc in Risk Management is Designed for:
International Recognition: Being accredited by the New England Association of Schools and Colleges (NEASC) and PRMIA University Partner, the program offers international and professional reputation and acceptance.
Hands-on: The specialization courses are tied to professional practice and aim to address pragmatic challenges faced by risk managers.
Integrated: The modular structure of the curriculum ensures that the program is well balanced around three themes: competency in analytical skills, knowledge of financial theory and ability to measure and control risk.
Aware: Studying risk dynamics allows for a deeper understanding of the contagion mechanisms that created the global financial crisis with significant impact on societies.
Innovative: The program offers the opportunity to master topics that differentiate from standard finance curricula, such as the challenges faced by financial institutions, the role of regulation in promoting financial stability and the application of quantitative processes that focus on tail risks.